Massive growth potential going forward. I think they can do 20 cps in the second half for full year earnings of 33.7 cps so even at $11 they're on a current year PE of just over 32. Pretty reasonable valuation from where I sit for such a phenomenal growth rate. Going forward into 2019 they will have access to a whole years doubling of supply from Synlaits new canning and drying plants, (only just on 7 months this year) so more outstanding growth for 2019 looks assured. Beyond that product development with the new Fonterra agreement will fuel more growth. Looks like an ideal long term investment to me.
Disc: Bought more last week, yesterday and this morning and looking for even more if there's a pullback into the low $10 range.
Last edited by Beagle; 21-02-2018 at 11:34 AM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
well done to all the atm winners ... i think this officially confirms i suck at this trading game ... bought sml when i shouldve bought atm
,SML will have it's day again, unfortunately its a share that makes watching paint dry exciting by comparison(Although im sure those that held from over a year ago have found it very exciting)
Originally Posted by Ggcc
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